Energizer Resources (OTCMKTS:NSRCF) Stock Price Up 4.1% – What’s Next?

Shares of Energizer Resources Inc. (OTCMKTS:NSRCF) traded up 4.1% during mid-day trading on Thursday . The company traded as high as $0.3530 and last traded at $0.33. 18,400 shares were traded during trading, a decline of 49% from the average session volume of 36,337 shares. The stock had previously closed at $0.3171.

Energizer Resources Trading Up 4.1%

The stock has a market capitalization of $61.02 million, a P/E ratio of -2.36 and a beta of 1.19. The business’s fifty day simple moving average is $0.29 and its two-hundred day simple moving average is $0.29.

Energizer Resources (OTCMKTS:NSRCF) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Energizer Resources had a negative net margin of 2,432.45% and a negative return on equity of 54.67%. The company had revenue of $0.42 million for the quarter, compared to analyst estimates of $4.10 million.

About Energizer Resources

Energizer Resources (OTCMKTS:NSRCF) is a mineral exploration and development company focused primarily on the advancement of high-purity graphite projects. The company’s flagship asset is the Molo Graphite Project in southern Madagascar, where it has delineated a significant measured and indicated resource. Energizer Resources aims to supply natural flake graphite for use in lithium-ion batteries, automotive components, energy storage systems and a variety of industrial applications. Its technical team has completed prefeasibility and definitive feasibility studies, positioning the project for potential commercial production in line with growing demand for sustainable battery materials.

In support of project development, Energizer Resources has pursued offtake memoranda of understanding with downstream processors in Asia and Europe, targeting long-term supply arrangements for graphite concentrate.